Centennial Medical Group Inc
- Assets
- $20.5m
- Revenue
- $40.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Roseburg, OR
- Founding
- 10/2011
- Data as of
- 06/2021
- EIN
- 26-3946191
Organization Overview
Centennial Medical Group Inc is located in Roseburg, OR. The organization was established in 2011. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Medical Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Centennial Medical Group Inc generated $40.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $56.7m during the year ending 06/2021. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTENNIAL MEDICAL GROUP PROVIDES HOSPITAL-BASED PHYSICIAN SERVICES, AS WELL AS SPECIALTY PHYSICIAN SERVICES IN A CLINIC SETTING TO PATIENTS IN THE ROSEBURG COMMUNITY ON A CHARITABLE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mcglade Radiologist | 50 | $932,516 | |
Ibrahim Osman Cardiologist-Invasive | 50 | $863,202 | |
Cary Sanders Orthopedist-General | 50 | $795,979 | |
Ashraf Abusara Cardiologist | 50 | $704,974 | |
Deepika Narasimha Cardiologist | 50 | $701,281 | |
Aric Groshong Board Chair/president & CEO | OfficerTrustee | 40 | $411,155 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chambers Construction Construction Services | 6/29/21 | $1,336,927 |
Douglas Country Ipa Inc Coding And Billing | 6/29/21 | $723,335 |
Quatris Healthco Llc It Services | 6/29/21 | $245,724 |
Umpqua Health Llc Medical Services | 6/29/21 | $141,145 |
Scribe-x Northwest Med Scribe/telehealth Svcs | 6/29/21 | $137,252 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,517 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,517 |
| Total Program Service Revenue | $38,960,044 |
| Investment income | $1,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,787,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $441,781 |
| Compensation of current officers, directors, key employees. | $441,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,400,069 |
| Pension plan accruals and contributions | $878,314 |
| Other employee benefits | $3,309,457 |
| Payroll taxes | $2,028,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,932,393 |
| Advertising and promotion | $139,396 |
| Office expenses | $1,290,497 |
| Information technology | $450,565 |
| Royalties | $0 |
| Occupancy | $3,385,861 |
| Travel | $47,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,116 |
| Interest | $0 |
| Payments to affiliates | $1,098,656 |
| Depreciation, depletion, and amortization | $508,789 |
| Insurance | $637,882 |
| All other expenses | $178,916 |
| Total functional expenses | $56,691,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,781 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,904,501 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $219,243 |
| Net Land, buildings, and equipment | $3,774,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,541,075 |
| Total assets | $20,539,880 |
| Accounts payable and accrued expenses | $6,517,296 |
| Grants payable | $0 |
| Deferred revenue | $148,384 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,708,917 |
| Total liabilities | $129,374,597 |
| Net assets without donor restrictions | -$108,834,717 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,539,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Kidney Centers Seattle, WA | $220,973,324 | $130,979,970 |
La Clinica De La Raza Inc Oakland, CA | $148,316,145 | $121,956,055 |
Community Medical Centers Inc Stockton, CA | $80,924,319 | $108,026,875 |
Olympic Peninsula Kidney Center Bremerton, WA | $0 | $93,269,634 |
Neighborcare Health Seattle, WA | $74,913,475 | $87,425,420 |
Community Health Care Tacoma, WA | $86,446,193 | $88,767,216 |
Clinicas De Salud Del Pueblo Inc El Centro, CA | $60,406,470 | $80,859,824 |
Gardner Family Health Network Inc Alviso, CA | $42,029,978 | $73,924,368 |
Asian Health Services Oakland, CA | $107,043,316 | $75,776,909 |
Community Health Center Of Snohomish County Everett, WA | $91,248,127 | $62,740,749 |
Montage Medical Group Monterey, CA | $6,246,074 | $54,870,218 |
Centennial Medical Group Inc Roseburg, OR | $20,539,880 | $40,787,906 |